SBA Loans for Established Businesses

Discover all the benefits SBA loans can offer!

SBA loans offer convenient financing options for almost any business purpose. These programs offer low down payments, long terms, and reduced collateral requirements.

As a US Small Business Administration (SBA) Preferred Lender, we can show you how to put these SBA programs to work for your business.

• You own and operate a business for profit.
• Your business is legally organized as a sole proprietorship, corporation, partnership, or limited liability company (LLC).

• • Loans from $100,000.
  • Apply by January 13, 2022, and close by July 12, 2023

  Special benefits for veterans:

  • Take advantage of a 25% discount on initial or loan servicing fees. ^note3
  • Offer valid for veterans of the United States Armed Forces for new credit product applications submitted by Small Businesses. Fee Waiver: Waiver of initial and appraisal fees on secured term loans, including Commercial Loan Truerate Services and certain SBA loans
  SBA 504 Loan Program ^note4

  • Loans available up to $6,500,000 for the Bank of America portion and up to $5,500,000 for the portion financed by a Certified Development Company
  • Fixed-rate terms up to 25 years fully amortized

  • A low down payment, as low as 10%
  • Can be used to finance equipment and build, improve, refinance, or purchase owner-occupied commercial real estate ^note5

  SBA 7(a) Loan Program ^note6

  • Loans available up to $5,000,000
  • Fixed-rate terms up to 25 years fully amortized
  • A low down payment, as low as 10%

  • Can be used to finance working capital, business acquisitions, purchase of partners, equipment, refinancing of existing debt, and construction, improvement, or purchase of owner-occupied commercial real estate ^note5

  SBA Express Loan Program

  • Loans available up to $500,000
  • Fixed rate terms up to 15 years
  • Variable rates available for revolving period options

  • Can be used for financing working capital, inventory and equipment

  Bank of America SBA Loan Information